Stocks

AI Revolution: Top Stocks to Watch as the Industry Soars

Published January 15, 2024

The artificial intelligence (AI) industry is on the brink of explosive growth, with projections suggesting it could be worth upwards of $2 trillion by the year 2030. Such exponential expansion marks AI as a sector that investors should watch closely. In particular, there are five stocks that stand out for their potential to ride the AI wave. These tickers, including industry titans like MSFT and NVDA, are poised for remarkable performance in the coming years as AI continues to permeate every aspect of technology and business.

Microsoft Corporation MSFT: An AI Colossus

At the forefront of the AI industry, MSFT is an American multinational technology giant that has diversified its portfolio to cover a broad range of the technology sector, including computer software, consumer electronics, and personal computers. Its renowned products include the Microsoft Windows operating systems, Microsoft Office suite, and the Microsoft Edge web browser. MSFT's hardware prowess is on display with the Xbox video game consoles and Microsoft Surface computers. Ranked among the top corporations in the United States, MSFT is a staple in the AI revolution with its substantial investments in cloud computing and AI solutions that continue to push the boundaries of innovation.

Nvidia Corporation NVDA: Pioneering Graphics and AI

NVDA, an American multinational technology company, has cemented its position at the heart of the AI revolution. Known for their superior graphics processing units (GPUs) designed for gaming and professional markets, as well as their system on a chip (SoC) units targeting mobile computing and automotive, NVDA is an investor’s dream when it comes to capitalizing on AI growth. With its GPUs being pivotal in driving machine learning and AI applications, NVDA's technological advancements are central to the evolution of AI, ensuring that NVDA is a stock to watch in the race for AI dominance.

investment, AI, growth